TIGER 21’s Asset Allocation Survey revealed a record high 33% of Members’ portfolios are comprised of real estate holdings while interest in hedge funds has fallen to a low of 4%.

TIGER 21’s Founder and Chairman Michael Sonnenfeldt says Members are comfortable with assets they have direct ownership of like part of a small business or a building.

Investors are leaving hedge funds because of the high fees and poor performance, and have represented decreasing portions of Members’ portfolios. Now Members asset allocation has fallen below the 5% seen during the financial crisis.

In a period of high valuation and geopolitical risk, low ability to produce returns drives Members back to basics by investing in income-producing assets like real estate.

TIGER 21’s Quarterly Asset Allocation survey reflects responses from about a quarter of the group’s 520+ Members who collectively manage more than $51 billion in personal assets.